Bitcoin ETF Reconsidered by SEC, Ethereum ETF Version May Be Approved.
This could be the opportune time for the U.S. to assert control over the burgeoning currency and emerge as the leading national market.
Would-be bitcoin ETF investors are in wait-and-see mode as the Securities and Exchange Commission reconsiders whether to allow the first bitcoin exchange-traded fund.
Optimism is driven by the face that the SEC is reviewing its decision to reject a bitcoin ETF proposed by Cameron and Tyler Winklevoss.The Winklevoss Bitcoin Trust ETF (NASDAQ:COIN) is one of three bitcoin ETFs that regulators are currently considering for approval.By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Digital currency bitcoin hit a record high on Friday on optimism about the approval of the first U.S. bitcoin.SEC Rules against Winklevoss Twins Bitcoin ETF The digital currency community hotly anticipated a ruling from the Security Exchange Commission on the Bitcoin ETF.Should a Bitcoin ETF receive SEC approval and should investor demand for such an ETF increase,.It allows us to hypothesize on what will happen based on what we think we know.Also, based on the timing and content of the rule change, I would argue the rule change was made with COIN in mind.
On February 14, SEC officials, the Winklevoss twins, Bats global markets chief, State Street ETF products specialist, KCG Holdings global head and representatives of Division of Trading and Markets of the US SEC amongst other individuals participated in a roundtable discussion in regards to the approval of the ETF.A lot of people are keeping a very close eye on whether or not there will be a bitcoin ETF in the near future.Having run out of extensions, the SEC will make a call one way or another by March 11.
Several ETF issuers have lined up to seek regulatory approval with their bitcoin-related products.So far, none of the bitcoin ETFs has been approved by the SEC, though.SEC Said To Decide On Bitcoin ETF By. has been widespread hope that the SEC will approve the first bitcoin ETF. If the ETF gets approved on the.It is evident the SEC fears what the future may hold for traditional finance once a bitcoin ETF is made.
Although no one knows for sure if the SEC will approve this investment.Three groups have been vying to become the first SEC-approved bitcoin ETF.SolidX Partners followed last July seeking SEC approval for its bitcoin ETF,.SolidX Partners sought SEC approval last July for its bitcoin ETF, SolidX Bitcoin Trust, which also would be listed on the NYSE.
The SEC just issued their ruling on the Winkelevoss bitcoin ETF,. bitcoin. An approval would.Most are speculating that bitcoin is still under priced so with or without ETF approval,.
Few days ago i wrote article If Winklevoss ETF Gets Approval Bitcoin wil go to.
Also it is highly unusual for the SEC to solicit comments at the same time they are announcing accelerated approval.